4 July 2019 – The
Global Pasta Market is subject to witness
a substantial growth due to the introduction of a wide variety of products in
the market, increasing demand for staple food, and change in food habits.
Growing demand for staple food from European region due to regular consummation
is anticipated to fuel market demand for packaged pasta products over the
forecast period.
Pasta is broadly known as a staple food of Italian cuisine.
Additionally, stringent governmental laws and regulation in regards to the
labelling and commercial manufacturing in the European region are expected to
drive the growth of pasta market in the upcoming years. Globally, the market is
predicted to grow at CAGR of 5.76% in forecast period, providing numerous
opportunities for market players to invest in research and development of the
pasta market.
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In addition, availability of wide variety of the products
and development of innovative flavored pasta products are anticipated to foster
market demand in the upcoming years as well. Rising competition in the market,
leading to introduction of novel products are projected to enhance overall
market performance. Increasing consummation of the staple food products from in
various region across the globe are prominent factors responsible for robust
market growth in the last few years. Growing popularity of the pasta products
is attributed to the instant food preparation, lower cost and easy availability.
Other factors driving demand for the ambient pasta, in the
last couple of years include convenience food and longer shelf life of the
product. The dried pasta market segment has also witnessed significant growth
in the recent years owing to increasing demand from Asia Pacific region.
Additionally, the ambient pasta and noodles, and dried pasta products are shelf
stable, as they does not need refrigeration or chilled storage.
The key players in the pasta market are Nestlé S.A., Barilla
S.p.A, ITC Ltd., Kraft Heinz Company, Inc., Conad s.r.o., ConAgra Foods, Inc.,
Nissin Food Products Co., Ltd., BRF S.A., De Cecco, Inc., and Delverde S.p.A.
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